26 December 2013
TravelCenters of America LLC (NYSE: TA) said that the underwriters of its public offering have exercised their option to purchase an additional 975,000 common shares of TA.
The sale of the additional common shares closed December 23, 2013. The sale of the original public offering of 6,500,000 common shares closed on December 16, 2013.
The joint book-running managers for the offering are Citigroup, RBC Capital Markets and UBS Investment Bank. The co-managers for the offering are BB&T Capital Markets, Craig-Hallum Capital Group, Janney Montgomery Scott, MLV & Co. and Oppenheimer & Co.
TA primarily operates and franchises travel centers under the “TravelCenters of America,” “TA,” “Petro Stopping Centers” and “Petro” brand names that offer diesel and gasoline fueling, restaurants, truck repair facilities, stores and other services. TA´s nationwide business includes locations in 42 US states and in Canada.